Natixis Advisors LLC Sells 35,928 Shares of Genuine Parts Company $GPC

Natixis Advisors LLC trimmed its position in shares of Genuine Parts Company (NYSE:GPC) by 32.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 75,175 shares of the specialty retailer’s stock after selling 35,928 shares during the period. Natixis Advisors LLC’s holdings in Genuine Parts were worth $9,243,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also bought and sold shares of GPC. Vanguard Group Inc. raised its stake in shares of Genuine Parts by 1.0% in the fourth quarter. Vanguard Group Inc. now owns 17,533,951 shares of the specialty retailer’s stock valued at $2,155,975,000 after buying an additional 167,981 shares during the period. Geode Capital Management LLC grew its stake in shares of Genuine Parts by 1.7% during the 4th quarter. Geode Capital Management LLC now owns 3,775,438 shares of the specialty retailer’s stock worth $462,772,000 after acquiring an additional 64,676 shares during the period. Barclays PLC lifted its stake in shares of Genuine Parts by 0.6% during the 3rd quarter. Barclays PLC now owns 3,528,297 shares of the specialty retailer’s stock valued at $489,022,000 after buying an additional 21,437 shares in the last quarter. Norges Bank bought a new position in Genuine Parts in the 4th quarter worth approximately $293,471,000. Finally, Dimensional Fund Advisors LP grew its stake in Genuine Parts by 1.4% in the 3rd quarter. Dimensional Fund Advisors LP now owns 1,860,554 shares of the specialty retailer’s stock valued at $257,878,000 after buying an additional 25,595 shares in the last quarter. 78.83% of the stock is owned by hedge funds and other institutional investors.

Genuine Parts Price Performance

Shares of Genuine Parts stock opened at $98.05 on Monday. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.48 and a current ratio of 1.09. Genuine Parts Company has a 52-week low of $90.78 and a 52-week high of $151.57. The company has a fifty day moving average of $103.39 and a 200-day moving average of $118.28. The stock has a market capitalization of $13.49 billion, a price-to-earnings ratio of 228.02 and a beta of 0.67.

Genuine Parts (NYSE:GPC) last issued its earnings results on Tuesday, April 21st. The specialty retailer reported $1.77 EPS for the quarter, topping analysts’ consensus estimates of $1.75 by $0.02. Genuine Parts had a net margin of 0.24% and a return on equity of 22.28%. The company had revenue of $6.26 billion for the quarter, compared to analysts’ expectations of $6.17 billion. During the same quarter last year, the company earned $1.75 EPS. The firm’s revenue was up 6.8% compared to the same quarter last year. Genuine Parts has set its FY 2026 guidance at 7.500-8.000 EPS. Equities research analysts expect that Genuine Parts Company will post 7.65 EPS for the current year.

Genuine Parts Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, July 2nd. Stockholders of record on Friday, June 5th will be paid a $1.0625 dividend. This represents a $4.25 dividend on an annualized basis and a dividend yield of 4.3%. The ex-dividend date of this dividend is Friday, June 5th. Genuine Parts’s payout ratio is 988.37%.

Insider Buying and Selling at Genuine Parts

In related news, insider James F. Howe sold 415 shares of the stock in a transaction dated Tuesday, May 5th. The stock was sold at an average price of $104.33, for a total transaction of $43,296.95. Following the completion of the sale, the insider directly owned 25,589 shares in the company, valued at $2,669,700.37. This represents a 1.60% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 0.13% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on GPC shares. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Genuine Parts in a report on Friday, March 27th. Raymond James Financial raised shares of Genuine Parts from a “market perform” rating to a “strong-buy” rating and set a $145.00 price target on the stock in a report on Tuesday, February 24th. Truist Financial cut their price objective on shares of Genuine Parts from $127.00 to $124.00 and set a “hold” rating for the company in a research report on Wednesday, April 22nd. UBS Group reduced their price objective on shares of Genuine Parts from $135.00 to $125.00 and set a “neutral” rating for the company in a research note on Wednesday, April 22nd. Finally, Evercore set a $160.00 target price on shares of Genuine Parts in a report on Friday, February 20th. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $143.71.

Genuine Parts Company Profile

Genuine Parts Company (NYSE: GPC) is a global distributor of automotive replacement parts, industrial parts and business products with a history dating back to 1928. Headquartered in Atlanta, Georgia, the company operates a broad distribution network and retail presence serving repair shops, independent retailers, industrial customers and commercial accounts. Its business model centers on stocking and delivering a wide range of parts and supplies to support aftermarket and maintenance needs across multiple end markets.

Genuine Parts conducts its operations through several well-known operating groups and subsidiaries.